document.write( "<A HREF=/cgi-bin/jump-to-question.mpl?question=1203522>Question 1203522</A>: <I><SPAN STYLE=\"word-break: break-all;\"> A professional athlete deposited an amount of money into a high-yield mutual fund that earns 14% annual simple interest. A second deposit, $2,400 more than the first, was placed in a certificate of<BR>\n" );
document.write( "deposit eaming 7% annua simole interest an one year, he cotal interest earned on both investments was $567. How much money was invested in the mutual fund? </SPAN>\n" );
document.write( "</I><HR><TABLE width=100%><TR><TD><B><A HREF=http://www.algebra.com/>Algebra.Com's</A> Answer #839153 by </B><A HREF=/tutors/aboutme.mpl?userid=mananth><B>mananth(16946)</B></A><img src=\"/images/stars/stars-13.gif\" alt=\"\" >&nbsp;<A HREF=/tutors/aboutme.mpl?userid=mananth><IMG SRC=http://www.algebra.com/images/aboutme-small.gif BORDER=0 alt=\"About Me\" VALIGN=MIDDLE></A>&nbsp;<IMG SRC=http://www.algebra.com/cgi-bin/show-face.mpl?user=mananth><BR>You can <A HREF=\"/cgi-bin/embed-solution.mpl?show=1&solution=839153\">put this solution on YOUR website!</A><BR><SPAN STYLE=\"word-break: break-all;\"> high-yield mutual fund that earns 14% annual simple interest<BR>\n" );
document.write( ". let amount be x\r<BR>\n" );
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document.write( " A second deposit, $2,400 more than the first, was placed in a certificate of<BR>\n" );
document.write( "deposit eaming 7% annual simple interest in one year,-> (x+2400)\r<BR>\n" );
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document.write( "Total interest in One year = $567\r<BR>\n" );
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document.write( "Interest equation\r<BR>\n" );
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document.write( "14%x + 7%(x+2400) = 567\r<BR>\n" );
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document.write( "0.14x +0.07(x+2400)= 567\r<BR>\n" );
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document.write( "0.14x +0.07x+168 = 567<BR>\n" );
document.write( "0.21x= 567-168\r<BR>\n" );
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document.write( "0,21x = 399<BR>\n" );
document.write( "x= 399/0.21<BR>\n" );
document.write( "x=1900\r<BR>\n" );
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document.write( " The athlete invested $1,900 in the high-yield mutual fund.\r<BR>\n" );
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document.write( "Check\r<BR>\n" );
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document.write( "1900*14%+4300*7% =567\r<BR>\n" );
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document.write( " </SPAN>\n" );
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